Dollar investors flocking to SSAs

By Lewis McLellan
21 Apr 2020

Asian Development Bank (ADB) and Agence Francaise de Developpement (AFD) hit the market for dollar paper on Tuesday, with the Manila-based supra going for five years and the French agency opting for three years.

ADB selected Bank of America, Citi, HSBC and TD Securities to run the books for a new five year benchmark. The proceeds will go partially towards its $20bn Covid-19 response package.

The leads offered initial price thoughts of mid-swaps plus 25bp area, 1bp wide ...

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